Mark Zuckerberg and Jensen Huang See $76 Billion Wealth Surge in 2024

Mark Zuckerberg, the co-founder and CEO of Meta, and Jensen Huang, the CEO of Nvidia, have experienced the most significant increases in their wealth this year, according to the Bloomberg Billionaire Index. Huang’s net worth has risen by $76.5 billion, closely followed by Zuckerberg’s increase of $76 billion in 2024.

These substantial wealth gains are comparable to or even surpass the entire market valuations of several major companies. For instance, the market caps of Spotify and Diageo are around $76 billion, while CVS, Target, and Capital One are valued at $73 billion, $70 billion, and $60 billion, respectively.

Zuckerberg now ranks as the third richest individual globally, with an estimated net worth of $204 billion, while Huang holds the 11th position with a wealth of $121 billion. Both executives trail only Tesla‘s CEO Elon Musk and Amazon‘s founder Jeff Bezos in the Bloomberg wealth rankings.

The remarkable stock performance of their respective companies has been a key factor in their wealth growth. Nvidia’s stock price has skyrocketed by 192% since the beginning of the year, while Meta’s shares have increased by 65%. Both companies are part of the so-called Magnificent Seven, a group of large-cap tech stocks that have driven much of the market’s rally over the past year.

Zuckerberg and Huang each hold significant portions of their companies’ stocks. Zuckerberg owns approximately 13.5% of Meta’s shares, amounting to around 345 million shares. In contrast, Huang owns between 3.5% and 4% of Nvidia, totaling roughly 861 million shares. Notably, Nvidia’s stock underwent a 10-for-1 split in July this year.

Earlier this year, Huang announced his plan to sell up to 6 million shares by the first quarter of 2025. To avoid alarming investors, he implemented a pre-arranged plan and successfully sold the shares in September, ahead of his originally stated timeline, according to regulatory documents.